I really appreciate everyone's reply here, whether it is negative or encouraging - I want to see opinions.To be clear, i wouldn't just be using this money as an investor, I would actually be building a company with the family, and if successful become a partner.

It does kind of stink if you are trying to buy them both at the same time but still being able to scale the quickly is awesome even if you have to wait the year in between.

U may be able to do a quick flip, let me know if interested...

I can completely understand if someone was investing in a hot market and using it as a tactic to lock the property up quickly. 

Thanks everyone house went under contract quickly will be closing in a little over 2 weeks..Investors let's work!!

But at that point the type,  required effort and looming unknowns can turn it quickly into anything but a cash flowing passive instrument. 

Just wanting to introduce myself and encourage anyone in the area to reach out if I can be of any assistance to their investment goals.

You can plug all your numbers into the brrrr calculator and quickly see where your investment stands and how to adjust things to make the numbers work.  

If they are professional, they can explain this quickly and easily.

Also make sure you have your elevator pitch, a quick this is who I am and what I am looking for pitch.